Sky Acquires Majority Stake In Jupiter Entertainment
Leading Euro pay TV operator Sky has acquired a 60% stake in U.S. production company Jupiter Entertainment. Founded in 1996 by Stephen Land, Jupiter Entertainment specialises in non-scripted programmes. Its shows include Welcome to Myrtle Manor on TLC, Wild West Alaska for Animal Planet and Snapped on Oxygen.
Jupiter recently formed a multi-year strategic partnership with Random House giving the company a first look at adapting the publisher’s assets as non-fiction television and digital properties. It will continue to be run as an independent company, with Sky Vision now handling its distribution for new finished programmes and formats. Jupiter’s existing agreements with other broadcasters and distributors will remain unchanged.
Sky already has stakes in Love Productions in the UK and LA-based Znak & Jones as well as development deals with Ugly Brother Studios in the U.S.; as well as Spring Films, back2back productions, Hungry Bear Media and Roughcut TV in the UK.
“Combining Jupiter’s strong domestic growth with Sky’s global reach creates thrilling possibilities. We have ambitious growth plans and believe our employees and network partners will all benefit from this exciting combination,” said Jupiter chief exec Stephen Land.
The move is the latest by Sky following its consolidation last November of its European operations in the UK, Germany and Italy to create a pan-Euro giant.
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